Indie Semiconductor resumed with a Neutral at UBS

UBS resumed coverage of Indie Semiconductor (INDI) with a Neutral rating with a price target of $5, up from $4.50. Earnings fell short of expectations due to supply issues that impacted December revenue guidance, though the setback appears temporary, the analyst tells investors in a research note. While core operations and ADAS trends are stable, a meaningful earnings inflection is unlikely before late 2026, limiting near-term stock upside, UBS says.